Overview

• Predictions of continued growth for the EV market in 2024 are being questioned due to various challenges.
• Key factors influencing potential sales decline include high costs, reliability issues, and the reduction of government subsidies.
• Interest rates and the cost of electric vehicles pose significant barriers to consumer purchasing.
• Major automakers are adjusting expectations and strategies in response to the changing market dynamics.
• Long-term, electric vehicles are expected to dominate the market, but current trends suggest a possible sales downturn in the near term.